iPad 2 Financing with Apple Store UK (Barclays)

jamie.long951

Hi all,

Ive never had a credit card or financed anything before, so as you can imagine im cautious of doing anything like this - and to be honest I don't know a great deal about it either!

Im wanting to get the iPad 2 on finance which is available on the UK apple store. Its a typical 14.9% APR and done in conjunction with Barclays Partner Finance. I imagine you get a credit card with them until you pay it off? I'd be looking to pay it off in 12 months to keep the cost's down.

I know im asking alot, but could anyone quickly run through the implications of doing this? Once Ive paid it off is that it, can I just cancel/bin the card and thats me sorted?

Cheers

brettcta

you don't get a credit card, you get an account and the payments are taken every month.

they have costly charges though - it's £25 to change your direct debit date for example

nathan1986

I personally would keep away from this, I think you would be better getting a low interest credit card and buying it with that. After youve bought it you could cut up the card, before even paying it off. At least this way it will cost you less in interest and you may get some good credit scoring out of it.

Nathan

Lessbutbetter

I personally would keep away from this, I think you would be better getting a low interest credit card and buying it with that. After youve bought it you could cut up the card, before even paying it off. At least this way it will cost you less in interest and you may get some good credit scoring out of it.

Nathan

That's some good advice right there.

Saints2011

nathan1986 wrote: »

I personally would keep away from this, I think you would be better getting a low interest credit card and buying it with that. After youve bought it you could cut up the card, before even paying it off. At least this way it will cost you less in interest and you may get some good credit scoring out of it.

Nathan

Although the op has said about no previous credit, therefore to get a low interest credit card could be difficult ..

neilderby37

I attempted to take out finance with the Apple Store and Barclays Partner Finance earlier on in the year.

Apparently if you are successful you get an email sent to you, and if you hear nothing you've been 'declined.'

Instead I went to my bank and managed to get a credit card with them.

Would it be worth your while saving for a deposit towards the iPad, applying for a Capital One/Vanquis/Aqua credit card, purchasing the iPad and then splitting the remaining balance over 12 months?

I know the APRs are extremely high on these cards and everyone's financial situations are different... but it's just an idea.

And Barclays Partner Finance is a loan, not a credit card. I think in the United States you can apply for a Barclaycard to buy Apple equipment....